Renault Master for sale in Kowloon (Hong Kong)

Are you currently looking to buy (or sell) a Renault Master in Kowloon? Vehiclus studied the used automotive market of all metropolitan areas in Hong Kong to establish a pricing profile of various Renault models depending on their age, technical condition, optical condition, and mileage. If you want to maximize your profits when selling your Master (or to be sure to not overpay when buying a Renault Master) it is useful to know all price-establishing variables.

Supply and Demand of Renault Master on the local vehicle market

Kowloon is a city with a current population of 2019533 . However, there are usually not many Renault Master available on the market. Hence, the supply is small and the demand depends on various of factors such as car model reputation, fuel mileage, and brand competetivness.

Price Devaluation Curve of the Master in Kowloon

As seen below, cars of the car manufacturer Renault and especially of their model Master depreciate in a very customary process. The average asking price of the Master will be decreased by up to 13% ($24,263) after only 1 year. After three years, the car typically is valued at 64% of its initial asking price ($17,822) while it will only be valued at 28% of the original price after 7 years ($7,944). The Master's value after 12 years is only 13% of its first price depending on its condition of course.

Depreciation according to mileage

One more way to quantify car depreciation is to study the loss of value over miles driven. The Renault Master depreciation curve below illustrates this phenomenon for Kowloon. The Master looses most of its resell price (~ 50%) within the first 30k kilometers of its mileage. The mean price for a Master at that usage level is ca $15,477. After that the devaluation plateaus: at 90,000km the Renault Master is priced for $9,319 in Kowloon and for $4,542 at 180,000km driven.

Renault Master price depending on condition (fair, good, excellent)

The last factor that heavily influences the price of a used car is the technical and optical condition of the vehicle. The table below illustrates the deflation of a Renault Master according to its year and its condition.

Vehicle Year	Renault Master Condition
	fair	good	excellent
2017	$16,376	$22,247	$28,119
2016	$14,401	$19,564	$24,727
2015	$12,566	$17,071	$21,577
2014	$10,871	$14,769	$18,667
2013	$9,316	$12,657	$15,997
2012	$7,902	$10,735	$13,568
2011	$6,627	$9,003	$11,379
2010	$5,492	$7,462	$9,431
2009	$4,498	$6,111	$7,724
2008	$3,644	$4,950	$6,257
2007	$2,929	$3,980	$5,030
2006	$2,355	$3,200	$4,044
2005	$1,921	$2,610	$3,299
2004	$1,627	$2,210	$2,794
2003	$1,473	$2,001	$2,529
2002	$1,459	$1,982	$2,505